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12 January 2020 | 80 replies
Kiyosaki's true genius is spinning 2-3 paragraphs of very ordinary (and banal) financial platitudes into a range of books.
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4 June 2018 | 102 replies
Mine were not at least in the quick flips the opposite ordinary income.. if you hold the tract more than a year cap gain.. if you buy the tract in your Roth ( which was not invented yet) but you younger investors its there for you.all gains on investments in a roth are tax free.. but consult your accountant for accuracy.bottom line with Timber it grows lumber Is fairly consittent and has been for the last 30 years in value all though up right now.. and you make money because tree's grow.. you get more of it over time.. and in the right growing areas you get a lot more of it quicker.. you can't say buy the same tract of timber in Eastern slope areas they grow much slower so returns are not as big over time.. this is why I prefaced it with PAc north west timber.. specifically the coast range from Eureka to Vancouver BC
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19 March 2021 | 3 replies
The reason for this is because the IRS can argue and can potentially come in and say that you are a dealer in real estate and all your sales are considered ordinary income subject to self-employment taxes.
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29 July 2018 | 15 replies
However, these were all institutions and loan officers who are used to working with owner occupiers, who can be very cautious when dealing with a situation that is slightly out of the ordinary.
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7 December 2022 | 61 replies
You're taking the cash out via a sale, if its less than one-year, ordinary income (30%???)
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31 August 2019 | 2 replies
Each payment you receive the installment sale has three components:1) return of your basis, 35k ( not taxable) 2) your gain 45k-35k -selling cost (Taxable as LTCG)3) interest specified in your contract( taxable at ordinary rate)
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2 May 2017 | 197 replies
$30,000 x 35% (ordinary income tax rate) = $10,500 paid in taxes.
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8 April 2016 | 9 replies
However, ordinary building materials to be incorporated into a building are not deemed fixtures.
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9 July 2020 | 7 replies
@Charles D.I would use every method available.........pin it to his door, registered mail, ordinary mail, email-despite what was said, singing minstrel; whatever it takes.
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25 June 2019 | 51 replies
@Brit Hale cmon Brit it’s the fact you get to work with them that’s the real privilege!